Altcoin News: Telegram Will Launch Gram in Two Months
August 28, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
According to the American New York Times, Telegram plans to launch the release of Gram earlier than the planned date of October 31.
The company may issue the first batches of its token “in the next two months,” the New York Times reported on Tuesday, citing three anonymous investors who recently spoke with Telegram representatives.
Gram tokens will be managed using a decentralized structure similar to Bitcoin, according to Telegram in an advertising material that hit NYT. This means that Telegram will not control how and where tokens are moved.
In July, derivatives on the Gram token went on sale on the Liquid cryptocurrency exchange at a price three times the cost of the token in a private placement held in early 2018. The Korean company Gram Asia sold part of its token commitment package to the general public for $4 per token.
Last year, Telegram held a closed sale of Gram as part of two rounds of ICO (STO), receiving $1.7 billion from major investors, including Benchmark and Sequoia Capital. Most investors chose to keep it confidential.
Author: Marko Vidrih
